AUGUST 9, 2018

PHOENIX, AZ – Gantry, the largest independent commercial mortgage banking firm in the U.S., has arranged $6,500,000 in financing for a flex building totaling 57,800 sf located in Phoenix, AZ. The subject property, recently rehabbed and 100% occupied at closing, benefits from its close proximity to both the Deer Valley Airport and Honeywell Aerospace’s headquarters.

Adam Parker, Principal, and Chad Metzger, Associate Vice President, arranged this refinance through one of their correspondent life insurance company lenders. The life insurance company execution offered the borrower more loan proceeds and a lower interest rate fixed for a longer period of time in comparison to their retired bank loan. In addition, Mr. Parker was able to negotiate a partial recourse obligation in comparison to the bank’s full recourse obligation.

Gantry, a privately held company based in San Francisco, is a full service mortgage banking firm with an extensive lineup of correspondent lenders utilizing Gantry’s production, closing and servicing capabilities. Established in 1991, Gantry is currently staffed by over 70 employees in regional offices throughout the western United States. The company’s national servicing platform of $12 billion represents over 1,300 loans located in 40 states. Gantry is rated as a Primary Servicer by Standard & Poor’s and is one of a select few non-banking/non-insurance chartered companies with this designation.